416-791-7203
30 Springhurst Ave, Toronto, ON for Sale
Apartments - FOR SALE
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null | Request Cap Rate

30 Springhurst Ave
Toronto, ON M6K 1B3
South Parkdale/King West


HIGHLIGHTS

  • Large storage areas (main floor and basement), some with windows, may offer future conversion potential subject to approvals.
  • Major upgrades include garage restoration, boiler replacements, electrical updates, new sprinkler system, asphalt, fencing, and sod.
  • Additional revenue from parking, lockers, coin laundry, telecom, and hydro, with potential to increase laundry pricing by ~30%.
  • Desirable Toronto location near the waterfront, BMO Field, and Exhibition Place, and nearby amenities. Some suites have lake views.
  • ~34.5% potential rent increase driven by below-market in-place rents, suite turnover, and an active AGI application that could further enhance revenue

OVERVIEW

30 Springhurst Avenue presents the opportunity to acquire a well-located 12 storey high-rise apartment building in one of Toronto’s most desirable west end rental nodes. Situated on a 0.98-acre site just steps from the lakefront, BMO Field, Exhibition Place, and an array of neighbourhood amenities, the property combines strong in-place cash flow with compelling value-add potential through rental growth, ancillary revenue enhancement, and further optimization of underutilized interior space. The building contains 122 suites and offers an attractive suite mix of 22 bachelor units, 77 one bedroom units, and 23 two bedroom units.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

122

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Springhurst Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

12

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,670 SF

ZONING

R

APN/PARCEL ID

190402110005301

ASK ABOUT THIS PROPERTY

Dayma ItamunoalaColliersMore Info
416-791-7203

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Dayma ItamunoalaColliersMore Info
416-791-7203

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